H & M Hennes & Mauritz AB : H&M comparable sales jump 10 percent in November

STOCKHOLM (Reuters) - Swedish budget fashion retailer Hennes & Mauritz said on Monday its sales in stores open at least a year rose 10 percent in November, overshooting expectations.

The mean forecast in a Reuters poll of analysts had been for a 3 percent rise in local currencies.

Total sales in November - the final month of H&M's fiscal fourth quarter - were up 21 percent in local currencies, above a forecast of 13 percent.

Net quarterly sales, excluding sales tax, totalled 36.5 billion Swedish crowns (3.3 billion pounds), above a forecast of 36.1 billion and a year-earlier 32.5 billion.

(Reporting by Mia Shanley)